Big Oil Accepts Climate Change

ExxonMobil was the most profitable company in the US in 2012, according to Forbes 500. Ten years ago, it funded research to deny climate change, but now it’s integrating a hefty carbon tax into its financial plans. Tom Carnac, North American president of Carbon Disclosure Project, said that the five big oil companies seem to have determined that a carbon price is an inevitable part of their financial future.

“It’s climate change as a line item,” Mr. Carnac said. “They’re looking at it from a rational perspective, making a profit. It drives internal decision-making.” Large Companies Prepared to Pay Price on Carbon, New York Times, Dec 5, 2013 has more on ExxonMobil, Walmart, Republicans, Microsoft, Delta Airlines…

Topic

Climate Change,